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Mm's are trying to make a market here, clearly there is an overhang.
SmellyBen, have ypu finished selling?
With this board it doesn't surprise me
No... But never got a response from anyone at Sdx since squelch.
Smellyben
Those 5m shares will be mission to sell. Lolol
Judging by their lack of keeping the website up to date..don't think they care about us private investors. Hrmph
Never got a response from that email, have you?
You might get more joy through investor relations? I mean that's what "we" pay them for?
sdx@inhouseir.com
Presumably Jay’s is in similar pattern,but longer !!
GouldD@sdxenergygroup.com
McAvockW@sdxenergygroup.com
Maybe you could share their company email, we are all shareholders.
I agree with your take on the situation, Ned.
By the way,I emailed CEO Daniel Gould yesterday for comment
The only thing they havent done,yet,is to complete the Egyptian sale.Agreed they havent informed shareholders of progress but they feel there is nothing they can say without revealing sensitive market information.Why not await the deal and then decide what to do.I dont think you can lose that way.If the share price rises after the deal it is likely to be a big rise and you will have lost out hugely.Risk/reward suggests holding on Smelly
So you just ignore the facts then
No need of cash at all - these shares are in a sipp i can't touch for close to 2 decades !
I just don't trust a board who have completely failed to deliver what they said they would and have stayed completely silent on the fact - even if they pull out a great deal tomorrow I just can't trust them to meet their word going forward and so for me I can't invest in them.
Smelly, you may be in dire need of cash but otherwise I cannot understand your desire to offload.
SDX market cap is around £8.3.
The sale of WG will raise $6.9m and the sale of SD will be more than that as it will exceed 3/4 of the market cap and require a shareholder vote.The resulting cash will then exceed the market cap.Unless the Moroccan business has a minus value the share price is hugely beneath total assets so the prospect of a rise in price following the deal is almost certain.The chance of the share price falling is effectively nil so the risk /reward at this point is massively in favour of reward.Dont you think so ?
You never know when a big bid might come - otherwise I'm chipping way 4k at a time :)
Well whatever you are doing please continue, it's having a positive effect on the SP!!
Lololololol
Put down 3p order the mm's will snap your hands off. No way you will get 3.7p..
200K GBP lol!
No chance.
No one taking any more ut a £200k sell order in at 3.70 - hoping MM take it
Cheers just got rid of a few
Smelly, theres just been a series of buys, now is a good time to let the MM's have your shares.
Sdx never mentions egypt no more, so im assuming the sale is still on.
Eventually there will have to be an update.
Maestro,I am not sure that is the reason.Sure before the putative sale this was a problem but the deal ,if and when,will be paid for in $dollars by the buyer.Egypt will lose SDX but gain a different and much larger asset owner,so the deal should please Egypt.Morocco should be paying for itself as no new drilling seems to have occurred,otherwise it would have been announced.The delay is the big problem methinks as people like smelly get fed up.I suspect the delay is because a) Buyer needs Egypt to unfreeze foreign exchange,b)Govt. bureauocracy,c) a full takeover is being negotiated